Category Archives: South Beach

News for South Beach

Shelborne Renovation Underway

The historic Shelborne hotel, located on 18th and Collins Avenue, is scheduled to have its renovation completed in the fall of 2011. The hotel is next to the Raleigh and the Shore Club. Another hotel nearby, the Royal Palm is … Continue reading

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Miami one of the Strongest Housing Markets

Believe it or not, the figures speak for themselves. The Investors Business Daily just ran an article commenting on the strength of the Miami condo market in comparison to other large cities in the United States. This is exactly what … Continue reading

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Miami Home Prices Stay Soft

According to the recent data released for the S&P Case Shiller Home Price Indices for the month of December 2011, Miami home prices fell slightly in comparison to the previous month and the previous year. In comparison to the previous … Continue reading

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Miami Home Sales Continue Improvement

According to the Miami Association of Realtors and data collected from the Southeast Florida Multiple Listing Service, sales of existing homes in Miami rose by 18% in December compared to the same period in 2009. This is also approximately 70% … Continue reading

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Miami September Pending Home Sales Continue Improvement

According the the Miami Association of Realtors and the Southeast Florida Multiple Listing Service, pending home sales in Miami-Dade County increased 28.6% in September 2010 compared to Sept 2009. This is in a brighter contrast to the national pending home … Continue reading

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South Beach Retail Development One Step Closer

As reported by the Miami Herald, the old dilapidated hospital on 6th ST and Alton Road just got one step closer to being replaced by a 400,000 sq ft high-end mixed-use complex. In a 6-1 vote Miami Beach commissioners agreed … Continue reading

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Homestead Property Owners May Pay More Taxes

Miami-Dade County commissioners voted yesterday to raise the property tax rate in a way that would affect more than 60% of homestead property owners even though their properties are worth less. There will be another hearing before the budget is … Continue reading

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South Beach Art Deco Closed Sales Report August 26, 2010

We have provided a report of some recent closed sales of condos in art deco buildings in South Beach that occurred in the past 60 days. These are a unique type of property in that they are charming in style … Continue reading

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Royal Palm Hotel sells for $128,000,000

This latest bit commercial real estate news is welcome news for South Beach hoteliers and other property owners because of the relatively high price of $308k per room. The sale was conducted through a foreclosure auction. The sale price was … Continue reading

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President of EWM comments on Improving Sales in Miami

This video is a Miami Herald interview with the president of Esslinger-Wooten-Maxwell concerning the continued improvement in sales volume and other factors for residential real estate in Miami.

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Miami residential inventory declining and sales quickening

The following graph by Altos Research confirms news of continued healing in the Miami real estate market in recent months:

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Miami Residential Sales have been Trending Upward

The following graph from Trulia shows that rate of median price declines for residential homes in Miami has abated significantly and the rate of sales have been relatively consistently improving. It is worth noting that according to the S&P Case-Shiller … Continue reading

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Clearance Sale 2010-2011: Miami Real Estate

Once a market starts moving in a single direction for a period of years the public tends to develop a sense that it will continue in that direction ad infinitum or at least for many more years. The press often caters to this perception by publishing things and highlighting sensational aspects that seem to validate this belief. This is the case with Miami real estate and it presents a tremendous opportunity as we enter in the final stages of this clearance sale of distressed properties.
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Real Estate: End of the Abyss

Finally, after several years of denial, real estate stakeholders in the many hard-hit areas have finally come to the breaking point. Distressed sales continue to be the driving force in regions such as South Florida, California, Arizona, Nevada. Sellers of … Continue reading

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Power of Denial in the Housing Market

What is going on with the real estate market in the U.S.? How bad will it get? When is it time to jump back in? Should sellers wait it out? These are questions frequently posed to me. My answers often … Continue reading

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Drunk on Liquidity

Where are we at now? We are enjoying unprecedented global economic growth and the world is still flush with liquidity. There is a lot of cash out there looking for a home and enormous assets are being traded like baseball … Continue reading

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Posted in Downtown, General Economic, Midtown, Real Estate, South Beach | Tagged , , , , , , , , , , | 1 Comment